New platform empowers startups and SMEs with seamless crypto payments and financial automation tools
Coinbase launches business platform in Singapore
Coinbase, one of the world’s largest cryptocurrency exchanges, has officially launched Coinbase Business in Singapore, marking its first international expansion outside the United States.
The platform, unveiled in June, is designed to serve startups and small-to-medium enterprises (SMEs) by providing an all-in-one crypto operating system. Through Coinbase Business, companies can send and receive USDC (USD Coin) payments, manage crypto assets, and automate financial workflows with instant settlement and minimal transaction costs.
“By leveraging the speed and stability of digital dollars like USDC, we offer businesses a platform that enables seamless and secure trading, with instant settlement, minimal fees, and zero chargebacks,” Coinbase said in its launch statement.
Strategic partnership with Standard Chartered
Coinbase is partnering with Standard Chartered to support Singapore dollar (SGD) transfers for both retail and business users. The partnership enables a full suite of financial tools, including crypto trading, global payouts, and payment links with a 1% transaction fee, as well as asset management features offering rewards on USDC holdings.
This collaboration aligns with Singapore’s growing role as a regional fintech hub, providing regulated, efficient payment solutions that bridge traditional banking and blockchain finance.
Regulatory progress and MAS collaboration
Coinbase’s expansion builds on its long-standing cooperation with the Monetary Authority of Singapore (MAS). In October 2023, the firm received a Major Payment Institution (MPI) license, authorizing it to operate digital payment token services for both retail and institutional clients.
The company also recently joined MAS’s BLOOM initiative — a program aimed at developing borderless and tokenized financial settlement infrastructure using regulated stablecoins and digital bank liabilities.
“This collaboration with MAS demonstrates how we are actively working to build the regulated, compliant infrastructure that underpins the next era of finance,” Coinbase stated.
By expanding Coinbase Business to Singapore, the company is positioning itself as a key enabler of digital finance transformation in Asia. The move highlights the growing adoption of stablecoins like USDC in global payments, offering businesses a faster, cheaper, and more transparent way to transact.
As Coinbase strengthens its regulatory foothold, its Singapore launch signals a major step toward integrating crypto payments into mainstream business operations — paving the way for the future of digital commerce.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.